France streamlines with SFIL’s transfer to CDC

The French government has taken further steps to rationalise its various public sector lending institutions with the transfer of a controlling stake of SFIL to Caisse des Dépôts et Consignation (CDC), a move that should theoretically help lower public spending.

By Bill Thornhill

23 Nov 2018

A controlling stake in SFIL, which is the parent company of French public sector covered bond issuer Caisse Française de Financement Local (Caffil), will be transferred to CDC.

SFIL is 75% owned by the French state, CDC owns a further 20% and La Banque Postale owns the remaining
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